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There are 7,556 USDA backed residential loans in New Jersey with an average loan balance of $187,385. Over 85% of the loans went to help first time home buyers. Borrowers were an average age of 38 years old. The typical appraised home value was around $190,476. On average the rural home size purchased with this loan was approximately 1,400 square feet.
The size of New Jersey is roughly 22,591 square kilometers. USDA defined regions of rural loan ineligibility in New Jersey cover 7,134 square kilometers of the state. See the interactive geographic illustration below for more details. Approximately 31.58% of the state is ineligible for traditional USDA home loans.
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Search 21 Counties of New Jersey
Atlantic • Bergen • Burlington • Camden • Cape May • Cumberland • Essex • Gloucester • Hudson • Hunterdon • Mercer • Middlesex • Monmouth • Morris • Ocean • Passaic • Salem • Somerset • Sussex • Union • Warren
A USDA loan is a mortgage option available to eligible homebuyers that is sponsored by the United States Department of Agriculture to promote homeownership in rural communities. USDA Loans, sometimes called "RD Loans," offer 100% financing options on eligible rural properties. USDAProperties can help you find Search for USDA Eligible Properties throughout the state of New Jersey.
New Jersey ratified the 1787 United States Constitution on December 18th, 1787 where the state capitol today resides in Trenton.
The official New Jersey motto is "Liberty and Prosperity," which was adopted in 1776 in the New Jersey State Constitution. It is derived from a toast first used by New Jersey founder William Penn, who in 1681 declared, "May the counties of New Jersey enjoy liberty and prosperity forever." The motto reflects the ideals of freedom and prosperity that were foundational to the establishment of the State of New Jersey. This motto is also a reminder of the State's legacy of striving for economic and political independence.
New Jersey State OfficeFeatured Properties from USDA Loan Eligible Regions of New Jersey
521 Fellowship Road
Mt. Laurel, NJ 08054